$1,549,000
Available - For Sale
Listing ID: N13801838
52 Centre Street , Aurora, L4G 1J8, York
| INVESTOR OPPORTUNITY IN CENTRAL AURORA!An excellent opportunity to acquire a well established income producing triplex in a desirable Aurora neighbourhood, conveniently located close to shops, restaurants, schools, parks, trails, transit and everyday amenities.The property features three spacious residential units, each approximately 1,305 sq. ft., offering 2 bedrooms, 2 bathrooms, two private entrances and one parking space.Current monthly rents are $2,112 for Unit 1, $2,610 for Unit 2 and $2,900 for Unit 3, generating $7,622 per month and $91,464 in annual gross rental income. Reported annual operating expenses are approximately $14,837.80, resulting in a reported NOI of approximately $76,626.20.Unit 3 is currently owner occupied, with the owner is prepared to remain as a tenant for at least one year at $2,900 per month. Adding to the property's future potential is the possibility of converting the three existing units into individually registered condominium units, creating an intriguing value add opportunity for a future owner. Preliminary discussions with the Town of Aurora have indicated that the concept may warrant further investigation. Any separation or condominium conversion would be subject to further due diligence, municipal and planning review, applicable approvals, legal requirements and building requirements.With strong existing rental income, three generously sized units and an interesting potential future repositioning opportunity, this property offers investors the chance to acquire a distinctive multi residential asset in an established Aurora location. |
| Price | $1,549,000 |
| Taxes: | $7897.80 |
| Occupancy: | Tenant |
| Address: | 52 Centre Street , Aurora, L4G 1J8, York |
| Directions/Cross Streets: | Centre & Spruce |
| Rooms: | 9 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Finished |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Basement |
| Washroom Type 2 | 3 | Second |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 3 | Basement |
| Washroom Type 7 | 3 | Second |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 3 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Square Footage: | 3500-5000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Window Unit |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| RE/MAX HALLMARK YORK GROUP REALTY LTD. |
|
|
Anne Saint-Amour
Sales Representative
Bus:
1-888-311-1172
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | York |
| Municipality: | Aurora |
| Neighbourhood: | Aurora Village |
| Style: | 2-Storey |
| Tax: | $7,897.8 |
| Beds: | 6 |
| Baths: | 6 |
| Fireplace: | N |
| Pool: | None |
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